Price trend

According to the Commodity Market Analysis System of SunSirs, the prices of paraformaldehyde in Shandong recently stabilized. This week, the average production price of paraformaldehyde in Shandong was 5,487.50 RMB/ton, an increase of 0.83% month on month and a decrease of 2.57% year-on-year.

Analysis review

Upstream methanol situation: The domestic methanol market was declining, and the Xinhang’s unit in Inner Mongolia was undergoing maintenance; Yantai Wanhua, Shanxi Coking, Shanxi Junjie, Shanxi Jinxiang, Shanxi Orchid, and a set of units in Inner Mongolia had reduced production; The units of Yanchang Zhongmei, Shenglong Chemical, Xinjiang Xinye and Zhongmei Yuanxing recovered. The overall recovery was greater than the loss, and the capacity utilization increased. The supply side of methanol was negative for the market. Short-term cost support was limited, supply changes were not significant, and demand was expected to increase. Methanol analysts from SunSirs predict that the domestic methanol market will tentatively rise.

Market outlook

Recently, the methanol market declined, with poor cost support. Downstream procurement maintained on-demand, and paraformaldehyde analysts from SunSirs expect paraformaldehyde prices to be slightly lowered mainly.

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